* Stoxx 600 down 0.3 pct
* All major exchanges in retreat
* Banks back up after four sessions in the red (Adds analyst comments, more corporate news)
By Julien Ponthus
LONDON, Sept 8 (Reuters) - European shares traded lower on Friday across most exchanges and sectors, failing to get support from subdued sessions in Asia and on Wall Street, and as the euro's rally dims appetite for regional stocks.
At 0830 GMT, the German blue chip DAX index . GDAXI was down 0.2 percent, France's CAC .FCHI 0.4 percent, London's FTSE .FTSE 0.3 percent, Milan's FTSE MIB .FTMIB 0.4 percent.
The broader pan-European STOXX 600 .STOXX benchmark was down 0.3 percent.
After suffering four straight sessions in the red, European banks were slightly higher, with the sectoral index .SX7P up 0.3 percent.
The banking sector's .SX7P lending business benefits from higher interest rates and investors fear the European Central Bank might delay monetary policy tightening if the euro keeps on strengthening against the dollar.
Spain's Banco Santander SAN.MC and Caixbank CABK.MC , France's Natixis CNAT.Pa and Britain's Barclays (LON:BARC) posted the strongest gains, between 1.1 and 1.7 percent.
For Laurent Gaetani, head of Degroof Petercam Gestion, the weakening of some banks' share price presents an opportunity to buy on the dip.
"These are entry points," the French asset manager told Reuters, adding he was "overweight" on the sector.
Insurers AXA AXAF.PA and Allianz ALVG.DE , for which Barclays raised its target price, also rose 0.3 and 0.4 percent respectively.
Elsewhere, shares in British pub operator Greene King GNK.L fell 14 percent after a weak sales update and French fuel storage company Rubis RUBF.PA were down 4.8 percent after its first half results.
Another big faller was France's Hermes International HRMS.PA whose shares fell 4.5 percent. The luxury group had been expected to join the CAC 40 index but STMicroelectronics STM.PA , up 1.2 perent, was admitted instead.
Akzo Nobel AKZO.AS lost 2.1 percent after it issued a profit warning and announced a revamp that will include the chief financial officer stepping aside and a shake-up to its paints and industrial coatings businesses.
In the automobile sector .SXAP , Volkswagen (DE:VOWG_p) VOWG.DE was up 0.7 percent after reports it was actively working on deals to sell non-core assets accounting for as much as 20 percent of the German carmaker's annual revenues.
Its French counter part Peugeot PEUP.PA had a rougher morning and was down 1.8 percent after Exane BNP Paribas (PA:BNPP) cut its target price by 4 percent and its rating to "underperform" from "neutral".
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http://reut.rs/2j9jzsx
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